The Manufacturers Life Insurance Company grew its holdings in shares of MutualFirst Financial, Inc. (NASDAQ:MFSF) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,888 shares of the bank’s stock after buying an additional 2,395 shares during the period. The Manufacturers Life Insurance Company owned 2.53% of MutualFirst Financial worth $7,205,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MFSF. TIAA CREF Investment Management LLC grew its position in MutualFirst Financial by 7.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 16,028 shares of the bank’s stock worth $572,000 after purchasing an additional 1,107 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of MutualFirst Financial in the 3rd quarter valued at $423,000. New York State Common Retirement Fund lifted its stake in shares of MutualFirst Financial by 112.6% in the 2nd quarter. New York State Common Retirement Fund now owns 8,495 shares of the bank’s stock valued at $303,000 after purchasing an additional 4,499 shares during the last quarter. Wells Fargo & Company MN lifted its position in MutualFirst Financial by 170.8% during the 3rd quarter. Wells Fargo & Company MN now owns 9,455 shares of the bank’s stock worth $363,000 after acquiring an additional 5,964 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in MutualFirst Financial by 34.9% during the 4th quarter. Bessemer Group Inc. now owns 8,500 shares of the bank’s stock worth $328,000 after acquiring an additional 2,200 shares during the last quarter. 49.53% of the stock is currently owned by institutional investors.
In related news, Director Jerry Dean Mcvicker sold 1,621 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.25, for a total transaction of $63,624.25. Following the transaction, the director now owns 36,550 shares in the company, valued at approximately $1,434,587.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles J. Viater sold 1,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.05, for a total transaction of $39,050.00. Following the sale, the insider now owns 182,937 shares of the company’s stock, valued at approximately $7,143,689.85. The disclosure for this sale can be found here. Insiders have sold a total of 5,621 shares of company stock worth $211,227 over the last ninety days. 11.30% of the stock is currently owned by insiders.
Shares of MutualFirst Financial, Inc. (MFSF) traded up $0.05 during mid-day trading on Wednesday, reaching $36.40. 4,360 shares of the company’s stock were exchanged, compared to its average volume of 5,659. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $268.24, a PE ratio of 19.01, a P/E/G ratio of 3.09 and a beta of 0.24. MutualFirst Financial, Inc. has a 12-month low of $30.75 and a 12-month high of $40.50.
MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $17.04 million for the quarter, compared to analyst estimates of $17.20 million. MutualFirst Financial had a return on equity of 9.78% and a net margin of 16.00%. research analysts expect that MutualFirst Financial, Inc. will post 2.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, March 8th. MutualFirst Financial’s dividend payout ratio (DPR) is presently 37.70%.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $39.00 target price on shares of MutualFirst Financial in a research report on Friday, December 22nd. Finally, ValuEngine lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.67.
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MutualFirst Financial Profile
MutualFirst Financial, Inc (MutualFirst) is the bank holding company of MutualBank (MutualBank or the Bank). The Bank offers financial services through approximately 30 full service retail financial center offices in Allen, Delaware, Elkhart, Grant, Kosciusko, Randolph, Saint Joseph and Wabash counties in Indiana.
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